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KPF

K2 Principal Fund Portfolio holdings

AUM $1.43B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
+5.15%
1 Year Est. Return
+29.56%
3 Year Est. Return
+71.66%
5 Year Est. Return
+57.43%
10 Year Est. Return
+278.66%
AUM
$1.23B
AUM Growth
+$28.2M
Cap. Flow
-$167M
Cap. Flow %
-13.57%
Top 10 Hldgs %
30.38%
Holding
553
New
191
Increased
38
Reduced
38
Closed
238

Top Buys

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$88.5M
2
PFSI icon
PennyMac Financial
PFSI
+$40.7M
3
PMT
PennyMac Mortgage Investment
PMT
+$16M
4
PFTAU
Perception Capital Corp. III Unit
PFTAU
+$16M
5
CHWAU
CHW Acquisition Corporation Unit
CHWAU
+$9.92M

Top Sells

Rank Stock Value
1
SKIN icon
SkinHealth Systems
SKIN
+$21.8M
2
PRPB
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
+$15.1M
3
GACQU
Global Consumer Acquisition Corp. Unit
GACQU
+$12.2M
4
BPYU
Brookfield Property REIT Inc. Class A Common Stock
BPYU
+$10.2M
5
SVOK
Seven Oaks Acquisition Corp. Class A Common Stock
SVOK
+$8.78M

Sector Composition

Rank Sector Weight
1 Financials 18.24%
2 Real Estate 4.79%
3 Healthcare 4.26%
4 Technology 2.93%
5 Communication Services 2.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GCMGW
301
CALL
DELISTED
GCM Grosvenor Inc Warrant
GCMGW
– –
-2,162,099
Closed -$3.33M
GLD icon
302
CALL
SPDR Gold Trust
GLD
$131B
– –
-10,000
Closed -$1.66M
GRND icon
303
Grindr
GRND
$3.06B
– –
-118,486
Closed -$1.19M
IAG icon
304
IAMGOLD
IAG
$8.05B
– –
-501,300
Closed -$1.48M
IAU icon
305
PUT
iShares Gold Trust
IAU
$62.8B
– –
-50,000
Closed -$1.69M
IMO icon
306
PUT
Imperial Oil
IMO
$62.3B
– –
-300,000
Closed -$9.12M
INMD icon
307
PUT
InMode
INMD
$871M
– –
-39,800
Closed -$1.88M
IRWD icon
308
PUT
Ironwood Pharmaceuticals
IRWD
$586M
– –
-15,000
Closed -$193K
ITB icon
309
PUT
iShares US Home Construction ETF
ITB
$2.32B
– –
-130,000
Closed -$9M
JSPR icon
310
Jasper Therapeutics
JSPR
$20M
– –
-24,746
Closed -$2.46M
LIDR icon
311
AEye
LIDR
$47.2M
– –
-4,823
Closed -$1.45M
LPX icon
312
CALL
Louisiana-Pacific
LPX
$5.14B
– –
-157,700
Closed -$9.51M
MT icon
313
CALL
ArcelorMittal
MT
$49.5B
– –
-20,000
Closed -$621K
NMRK icon
314
Newmark Group
NMRK
$2.64B
– –
-175,389
Closed -$2.26M
ONB icon
315
Old National Bancorp
ONB
$10.2B
– –
-36,028
Closed -$634K
ONMD icon
316
OneMedNet
ONMD
$36.6M
– –
-335,408
Closed -$3.32M
ONMDW icon
317
CALL
OneMedNet Corp Warrant
ONMDW
$770K
– –
-335,408
Closed -$163K
OPFI icon
318
OppFi
OPFI
$813M
– –
-537,613
Closed -$5.49M
OWLT icon
319
Owlet
OWLT
$147M
– –
-17,255
Closed -$2.41M
PCG icon
320
PG&E
PCG
$39B
– –
-53,861
Closed -$548K
PLNT icon
321
CALL
Planet Fitness
PLNT
$4.45B
– –
-10,000
Closed -$753K
PLNT icon
322
PUT
Planet Fitness
PLNT
$4.45B
– –
-30,500
Closed -$2.29M
RDW icon
323
Redwire
RDW
$1.86B
– –
-81,433
Closed -$840K
REVB icon
324
Revelation Biosciences
REVB
$3.77M
– –
0
– -$267K
RMCOW icon
325
CALL
Royalty Management Holding Warrant
RMCOW
$1.46M
– –
-238,000
Closed -$157K
11 12
13
14 15

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WIM
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LCG
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CCM
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SMA
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SCA
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K2 Principal Fund's Q3 2021 Portfolio in Review

As of Q3 2021, K2 Principal Fund held 553 positions worth $1.23B, up 2.3% from $1.2B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $167M in Q3 2021, closing 238 positions and reducing 38 holdings. Its most notable exit was CC Neuberger Principal Holdings II Class A Ordinary Shares, an estimated $15.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 15% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Perception Capital Corp. III Unit worth $15.9M.

  • K2 Principal Fund's largest Q3 2021 buy was Perception Capital Corp. III Unit: 1,600,000 shares worth $15.9M.
  • K2 Principal Fund added most to CI Financial Corp. in Q3 2021, an estimated $88.5M increase.
  • K2 Principal Fund's biggest Q3 2021 reduction was SkinHealth Systems, cutting an estimated $21.8M.
  • K2 Principal Fund fully exited CC Neuberger Principal Holdings II Class A Ordinary Shares in Q3 2021, selling an estimated $15.1M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $1.23B portfolio in Q3 2021.
  • K2 Principal Fund opened 191 new positions and closed 238 in Q3 2021.
  • K2 Principal Fund's portfolio value rose 2.3% quarter-over-quarter to $1.23B.

Based on K2 Principal Fund's 13F filing for Q3 2021, filed 12 Nov 2021.